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Azerbaijani oil prices decrease

Economy Materials 2 November 2023 09:41 (UTC +04:00)
Azerbaijani oil prices decrease
Maryana Ahmadova
Maryana Ahmadova
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BAKU, Azerbaijan, November 2. The price for Azerbaijani Azeri Light oil on a CIF basis in the Italian port of Augusta on November 1 decreased by 17 cents and amounted to $91.22 per barrel, Trend reports, citing a source in the country's oil and gas market.

The price of Azeri Light on FOB base in the Turkish port of Ceyhan decreased by 29 cents (to $88.9 per barrel).

Azerbaijan also sells its URALS oil from the Russian Black Sea port of Novorossiysk, delivering it through the Baku-Novorossiysk pipeline. The price of URALS with shipment from the port equaled $75.39 per barrel, down by 17 cents as compared to the previous price.

The cost of a barrel of Dated Brent oil, produced in the North Sea, fell by six cents on November 1 compared to the previous indicator, to $88.62 per barrel.

The official rate is 1.7 AZN/1 USD on November 2.

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